Transcript

00:00:00

>> I hope you don't mind me being blunt about this. But I've been listening to this stuff for a while now.>> President Obama isn't running for the White House again. But that didn't stop him Wednesday from taking on the presumptive Republican nominee, Donald Trump when it comes to the economy without once mentioning Trump's name.

00:00:16

No matter how many terrorists who are threatening to slap on other country's goods. No matter how many trade wars we start saying we're gonna put in place. That's not gonna help middle class families here. In fact, independent economists say a trade war would trigger another recession and cost millions of jobs.

00:00:35

So when you hear somebody threatening to cut off trade and saying that that's standing up for American workers, that's just not true. In his passionate speech defending his economic record to a district he lost in 2008 and 2012. Obama says the economy is in better shape than the republicans admit and warned against republican fear mongering saying Trump's economic plan is no good for working Americans.

00:00:59

>> If if if. That's, if that's what you're concerned about, the economy, the debate is not even close. One path would lead to lower wages. It would eliminate worker protections, it would cut investments and things like education, it would weaken the safety net, it would kick people off health insurance, it would let China write the rules for the global economy.

00:01:23

It would let big oil weaken rules that protect our air and water. It would let big banks weaken rules to protect families from getting cheated. It would cut taxes for the wealthiest Americans to historic lows.>> Trump for his part, says the economy is in worse shape than Washington wants to admit and blames Obama.